Market Overview:
The global inventory management system market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based inventory management systems and the growing trend of RFID technology in inventory management. The on-demand/cloud-based segment is expected to grow at a higher CAGR than the on-premise segment during the forecast period. This can be attributed to the growing demand for cloud-based solutions among small and medium-sized enterprises (SMEs) and large enterprises. North America is expected to hold the largest share of this market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).
Product Definition:
An inventory management system is a computerized system used in business to track the quantity, type and location of inventory. The purpose of an inventory management system is to help businesses manage their stock more effectively, making it easier to locate items and preventing stockouts.
On-premise:
On-premise software is a type of inventory management software that is installed and used on the end user's computer system. The end-user can be an individual business or an organization. On-premise software solutions are gaining popularity due to their ease of use, high functionality, and low cost as compared to cloud based solutions.
On-demand/Cloud-based:
On-demand/Cloud-based solutions are gaining popularity in the inventory management system market owing to benefits such as reduced costs, increased flexibility, and ease of deployment. These solutions help organizations focus on their core business activities rather than managing IT infrastructure. The solution is based on web services that allow users to access data from remote locations through a web browser or an application installed on mobile devices.
The technology helps companies manage workflows.
Application Insights:
The large enterprise segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the fact that these systems are capable of handling a huge amount of data and provide real-time visibility, which enables efficient decision-making processes. Furthermore, increasing demand from public sector organizations is expected to drive the market over the forecast period. These systems offer a range of functionalities including order picking, inventory management, warehouse management and supply chain management which enable enterprises to manage their operations efficiently across departments such as purchasing & sales, manufacturing & logistics etc.
The SMEs/micro businesses segment is anticipated to exhibit significant growth owing to increased penetration on account with growing adoption by companies operating in various industries such as IT and telecoms etc. SMEs lack internal resources; therefore they opt for online inventory solutions that allow them access real-time information about stock levels at different locations thus enabling effective business decisions regarding expansion or closure of branches etc.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to the presence of a large number of industry players and increased adoption of technology in various sectors, such as manufacturing, healthcare & life sciences, retail & consumer goods. The region accounted for more than 35% revenue share in 2017. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to increasing investments by governments and other organizations for improving operational efficiency. Moreover, growing small and medium enterprises are expected drive demand over the forecast period.
The global inventory management system (ISS) vendors surveyed in this study are: A2i Limited; ADP; Algotech Ltd.; American Barcode Inc.; APX Labs Inc.
Growth Factors:
- Increasing demand for inventory management systems from small and medium-sized businesses (SMBs) due to the growing need for better control over inventory and supply chain processes.
- The increasing popularity of cloud-based inventory management systems, which offer lower costs, scalability, and ease of use compared to on-premises solutions.
- The growing trend of using RFID tags and sensors to track items throughout the supply chain, which helps improve accuracy and efficiency in inventory management processes.
- The increasing demand for real-time visibility into stock levels and order statuses across multiple sales channels, which can help businesses make more informed decisions about stock allocation and pricing strategies.
- Advances in artificial intelligence (AI) and machine learning that are helping automate certain tasks within inventory management systems such as product categorization or supplier sourcing
Scope Of The Report
Report Attributes
Report Details
Report Title
Inventory Management System Market Research Report
By Type
On-premise, On-demand/Cloud-based
By Application
Small and Medium-Sized Enterprises, Large Enterprise
By Companies
IBM Corporation, SAP SE, Microsoft Corporation, Epicor Software Corporation, JDA Software Group, Inc., Oracle Corporation, Aldata Software Management, Inc., Descartes Systems Group, Manhattan Associates, Inc., Retalix Ltd., Lawson Software, Quintiq
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Inventory Management System Market Report Segments:
The global Inventory Management System market is segmented on the basis of:
Types
On-premise, On-demand/Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium-Sized Enterprises, Large Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM Corporation
- SAP SE
- Microsoft Corporation
- Epicor Software Corporation
- JDA Software Group, Inc.
- Oracle Corporation
- Aldata Software Management, Inc.
- Descartes Systems Group
- Manhattan Associates, Inc.
- Retalix Ltd.
- Lawson Software
- Quintiq
Highlights of The Inventory Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- On-demand/Cloud-based
- By Application:
- Small and Medium-Sized Enterprises
- Large Enterprise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Inventory Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An inventory management system (IMS) is a computerized system used to manage the physical and financial resources of an organization. It includes systems for tracking the acquisition, storage, use, and disposal of goods and materials. IMS can help organizations optimize their inventory levels by providing information on how much stock is needed to meet current demand as well as forecast future needs.
Some of the key players operating in the inventory management system market are IBM Corporation, SAP SE, Microsoft Corporation, Epicor Software Corporation, JDA Software Group, Inc., Oracle Corporation, Aldata Software Management, Inc., Descartes Systems Group, Manhattan Associates, Inc., Retalix Ltd., Lawson Software, Quintiq.
The inventory management system market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inventory Management System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Inventory Management System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Inventory Management System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Inventory Management System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Inventory Management System Market Size & Forecast, 2018-2028 4.5.1 Inventory Management System Market Size and Y-o-Y Growth 4.5.2 Inventory Management System Market Absolute $ Opportunity
Chapter 5 Global Inventory Management System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Inventory Management System Market Size Forecast by Type
5.2.1 On-premise
5.2.2 On-demand/Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Inventory Management System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Inventory Management System Market Size Forecast by Applications
6.2.1 Small and Medium-Sized Enterprises
6.2.2 Large Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inventory Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inventory Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Inventory Management System Analysis and Forecast
9.1 Introduction
9.2 North America Inventory Management System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Inventory Management System Market Size Forecast by Type
9.6.1 On-premise
9.6.2 On-demand/Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Inventory Management System Market Size Forecast by Applications
9.10.1 Small and Medium-Sized Enterprises
9.10.2 Large Enterprise
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Inventory Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Inventory Management System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Inventory Management System Market Size Forecast by Type
10.6.1 On-premise
10.6.2 On-demand/Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Inventory Management System Market Size Forecast by Applications
10.10.1 Small and Medium-Sized Enterprises
10.10.2 Large Enterprise
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Inventory Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Inventory Management System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Inventory Management System Market Size Forecast by Type
11.6.1 On-premise
11.6.2 On-demand/Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Inventory Management System Market Size Forecast by Applications
11.10.1 Small and Medium-Sized Enterprises
11.10.2 Large Enterprise
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Inventory Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Inventory Management System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Inventory Management System Market Size Forecast by Type
12.6.1 On-premise
12.6.2 On-demand/Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Inventory Management System Market Size Forecast by Applications
12.10.1 Small and Medium-Sized Enterprises
12.10.2 Large Enterprise
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Inventory Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Inventory Management System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Inventory Management System Market Size Forecast by Type
13.6.1 On-premise
13.6.2 On-demand/Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Inventory Management System Market Size Forecast by Applications
13.10.1 Small and Medium-Sized Enterprises
13.10.2 Large Enterprise
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inventory Management System Market: Competitive Dashboard
14.2 Global Inventory Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM Corporation
14.3.2 SAP SE
14.3.3 Microsoft Corporation
14.3.4 Epicor Software Corporation
14.3.5 JDA Software Group, Inc.
14.3.6 Oracle Corporation
14.3.7 Aldata Software Management, Inc.
14.3.8 Descartes Systems Group
14.3.9 Manhattan Associates, Inc.
14.3.10 Retalix Ltd.
14.3.11 Lawson Software
14.3.12 Quintiq